DARAG Group, a legacy acquirer, has signed a service contract with UnipolSai Assicurazioni, part of the Unipol Group. DARAG Deutschland will be managing all non-proportional open claims related to the runoff of Unipol Re. DARAG says that it is taking on its first outsourced service contract, and that this contract also marks one of the first uses of an outsourced legacy claims administrator in the Italian insurance market. Tom Booth, CEO of DARAG, comments: “This deal represents an important milestone in the expansion of DARAG’s services. It is a natural development of our business model whereby we offer our unique local claims expertise in Europe to strategic clients, in the process generating valuable fee-based revenue.”
